Getting money back after bankruptcy

Missydoll

Hi, my partner was made bankrupt almost 6 years ago by HRMC. We had to sell our house to pay off the debts. He owed £44000 which was covered by the sale of the house. Whilst bankrupt he received 2 ppl claims worth just over £20,000, which went straight to his insolvency practioner. When the 6 years is up at the end of this month, will he receive any of this money back?.

Potbellypig

Missydoll wrote: »

Hi, my partner was made bankrupt almost 6 years ago by HRMC. We had to sell our house to pay off the debts. He owed £44000 which was covered by the sale of the house. Whilst bankrupt he received 2 ppl claims worth just over £20,000, which went straight to his insolvency practioner. When the 6 years is up at the end of this month, will he receive any of this money back?.

No, he won't.

TheGardener

If your partner paid ALL his debts in full including charges and covered ALL the the costs of the OR's fees and charges - then it is worth asking the OR if there was any remaining balance. Its a long shot but the worst the OR can say is no. However, don't underestimate just how much the OR's charges are.

luvchocolate

My trustees bill was over £24,000 as said the O.R/trustee will be paid first.